Boy, what a ride. It is interesting how much my stocks have ebbed and flowed over the past two months. I have had swings of 10% in the red, and 5% in the black. Currently, I am at a very healthy 2% black. This is especially encouraging since I am 20% vested in BAC. Granted, the Bank of America stock has been the cause of most of my stock turbulence. I am still very hopeful that they don’t cut their very healthy dividend.
I am still hemming and hawing over my decision to go with Scottrade for my primary investment account. I have been hearing more and more about Zecco and their free dividend reinvestment services. The more I learn about stock trading, the more I am realizing that I see myself as more of a buy and hold stock investor than a day trader. I really don’t like to have multiple accounts floating around everywhere, so I’ll likely stick with Scottrade. The $7 per trade that they charge (even for dividend reinvestment) is really nominal in the grand scheme of things. After all, I DID spend $3.50 on coffee and milk at Starbucks today.